Make your case with confidence and learn how to assess project value through cost benefit analysis.
Across all levels of government in Australia, cost benefit analysis is the preferred method for evaluating the merit of initiatives. If your project relies on government funding, approvals or regulatory changes, you may need to undertake, commission or review a cost benefit analysis.
This half-day course will introduce and practice the skills needed in cost benefit analysis. You’ll learn how to use it to assess and demonstrate the value of projects.
What's covered
- Introduction to cost benefit analysis
- Key steps to performing a cost benefit analysis
- How to measure and monetise (value) costs and benefits
- How to compare future costs and benefits with current day values
- Calculating and interpreting cost benefit metrics such as Net Present Value (NPV), Benefit-Cost Ratio (BCR), and Return on Investment (ROI)
- Managing and addressing uncertainty
- Incorporating social equity and non-monetised items
- Understanding the limitations and how to navigate them
The course includes an overview of cost benefit analysis, plus real-life case studies covering improved service delivery, infrastructure provision, and regulatory reform.
Who should attend
This course is ideal for people working in or engaging with government, people who may need to undertake, commission or review a cost benefit analysis, and people interested in learning about Social Return on Investment (SROI) or measuring social value. An extensive knowledge of economics is not required.
Your trainers
Yuan Deng is a Principal and Partner at SGS and a leading practitioner in cost benefit analysis, with extensive experience delivering economic appraisals to support business cases for public infrastructure projects across transport, education, culture, and community sectors.
Angus Chapman is an Associate at SGS and an economist with a strong commitment to evidence-based policy and principled decision-making. He brings deep experience in applying cost benefit analysis to complex social and environmental challenges, with a particular focus on sustainability and public value.
